Business

  1. Morning Fix: Apple iPad Mini Date; Genre Chart Feedback; Rihanna Skyrocketing on Social Media

    October 12, 2012 8:25 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters BILLBOARD'S GENRE CHART POLICY CHANGES Yesterday Billboard unveiled a new methodology for tabulating i ts genre charts to include digital download sales and streaming ...

  2. Business Matters: Sirius XM Raises Forecast for Subscriber Growth

    October 11, 2012 7:33 PM EDT Sirius XM upped its forecast for net subscriber growth for the third time this year. The satellite radio company announced on Wednesday that net additions in the third quarter jumped 34% to 445,921% from 3334,000 in the prior-year period. Sirius e ...

  3. Coca-Cola in Investment Talks With Spotify

    October 11, 2012 11:47 AM EDT Coca-Cola is in discussions with Spotify to make a small investment in the digital music company. Sources tell Billboard the two companies are in negotiations, but a deal is far from being reached. Sky News first reported on Thursday that the two ...

  4. Morning Fix: Pandora Pays Out Millions; Best Buy CFO Steps Down; Rolling Stones Adding Dates

    October 10, 2012 7:45 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters KOBALT TO INVEST $100 MILLION IN ADVANCES, COPYRIGHTS: The Kobalt Music Group, via funds raised by Kobalt Capital Ltd, plans to invest $100 million over the next 12 months ...

  5. Spreecast Signs Video Deal with Viacom's VH1, Logo

    October 10, 2012 7:30 AM EDT Spreecast, a social video platform founded by former StubHub chief executive Jeff Fluhr, on Wednesday announced a deal with Viacom to produce online video chats that let viewers interact with on-air hosts from Viacom's VH1 and Logo channels. ...

  6. Publishing Briefs: Kobalt to Invest $100 Million in Advances, Copyrights

    October 09, 2012 7:47 PM EDT Kobalt to Invest $100 Million in Advances, Copyrights The Kobalt Music Group, via funds raised by Kobalt Capital Ltd, plans to invest $100 million over the next 12 months in paying advances and buying copyrights. Through its subsidiary Kobalt Capi ...

  7. Business Matters: Spotify UK Shows That the Freemium Model Is Not 'Unsustainable'

    October 09, 2012 6:11 PM EDT A business model that pays rights holders nearly every dollar, euro or pound generated is clearly not sustainable. This fact is obvious to Billboard readers as well as a digital service's management and the company's investors. Last week ...

  8. Spotify Nabs Will Page, Former PRS for Music Chief Economist

    October 09, 2012 3:14 PM EDT Will Page, the former chief economist for PRS For Music, has joined Spotify in a senior economics role, a source has confirmed to Billboard.biz. Page left the UK copyright collection society in July. Billboard's FutureSound Conference, takes ...

  9. Taylor Swift Teams With Walgreens For Exclusive Store To Promote 'Red'

    October 09, 2012 10:10 AM EDT Taylor Swift has teamed with Walgreens, a retailer with 7,944 locations nationwide, to debut the Taylor Swift Store at Walgreens. Beginning this week, Walgreens and select Duane Reade locations will sell Swift-themed merchandise incorporating artw ...

  10. Builders and Agents Playing The Seller's Game

    October 09, 2012 6:39 AM EDT Buildings are 'ultimate buyers' in agents' view. From the booking agent's perspective, the more talent buyers in the game, the better-as long as they're good buyers who have a wealth of marketing tools and won't dis ...

  11. Venues Step Up

    October 09, 2012 6:37 AM EDT Building Managers Turn Talent Buyers In Competitive Live Market More and more frequently, if venues want a show, they have to ensure that it will be successful in the most convincing way possible, putting the venue's own resources on the li ...

  12. SoundCloud Partners With Getty Images Music (Exclusive)

    October 09, 2012 6:00 AM EDT The Web made licensing music drastically more efficient. Now a small button on the ubiquitous SoundCloud streaming player makes licensing music even easier. SoundCloud, a music hosting and sharing platform with more than 20 million users, has part ...

  13. 'American Idol' Creator Simon Fuller to Bid on EMI Assets

    October 08, 2012 6:54 PM EDT Simon Fuller, the Spice Girls svengali and creator of the TV format behind American Idol, is looking to submit a bid for all the EMI businesses that Universal Music Group must sell. Vivendi-owned UMG recently won regulatory approval of its $1.9 bi ...

  14. Business Matters: Deezer's New Funding Puts It In A Coke/Pepsi Race With Spotify

    October 08, 2012 4:36 PM EDT When music subscription service Deezer confirmed Monday it raised $130 million in a round led by Warner Music Group owner Access Industries , the subscription music market suddenly had two well-funded frontrunners putting their support behind a si ...

  15. Will Internet Radio Raise Or Shrink Royalties?

    October 08, 2012 1:40 PM EDT Two opposing bills on Capitol Hill could determine the future of the webcasting market for Pandora and its rivals The current lame-duck session of Congress represents the calm before a storm that's expected to erupt in full force next year ...

  16. Morning Fix: Mike Easterlin Named Fueled By Ramen GM; Jay-Z's Live Album; Simon Fuller's Parlophone?

    October 08, 2012 8:33 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. MIKE EASTERLIN NAMED GM OF FUELED BY RAMEN: The shockwaves of big executive moves keep on rolling. Mike Easterlin, head of promotion at Roadrunner Records , has been named ...

  17. Deezer Raises $130 Million: Report

    October 06, 2012 7:40 PM EDT The oft-criticized freemium business model still has the support of investors. Paris-based music subscription service Deezer has raised $130 million from Access Industries, parent company of Warner Music Group, and previous investor Idinvest, acco ...

  18. Business Matters: Accounting Explains How Spotify's Business Model Can Succeed

    October 05, 2012 6:15 PM EDT A website that posts the financials of privately held companies has revived the debate about the sustainability about Spotify's business model. This is a debate worth having, but a tweak to Spotify's income statement may lead to a more i ...

  19. Alfonso Perez-Soto Named SVP, Business Development, Latin America, Spain and Emerging Markets at Warner

    October 05, 2012 3:37 PM EDT Warner Music Group today named Alfonso Perez-Soto its new senior vice president, business development for Latin America, Spain and emerging markets. Perez-Soto previous had worked as vice president of the content corporate unit at Telefonica. In h ...

  20. Former EMI Owner Terra Firma Seeks Appeal in Lawsuit Against Citigroup

    October 05, 2012 3:09 PM EDT Terra Firma Capital Partners LP has asked a U.S. appeals court for a new trial over its claims that it was deceived by Citigroup Inc. while bidding for EMI Music, according to numerous reports . The case originally went to trial in October 2010. A ...

  21. Warner-Owned Artist Arena Fined $1 Million By FTC

    October 04, 2012 5:21 PM EDT A Warner Music Group-owned company has settled with the Federal Trade Commission for $1 million over charges that it violated the Children's Online Privacy Protection Act related to websites it operates for Justin Bieber, Rihanna, Demi Lovato ...

  22. U.K. Record Labels Generated One-Fifth Of Revenue From 'Diversified' Income Streams in 2011

    October 04, 2012 10:20 AM EDT The value of diversifying income streams has been illustrated by new figures released by British labels trade body the BPI. According to the BPI, a fifth (20.5%) of all U.K. record company turnover in 2011 came from revenues generated outside of t ...

  23. Album Sales Slightly Down, Digital LP Sales Up 15% So Far in 2012: SoundScan

    October 03, 2012 10:27 PM EDT Album sales continue to decline slightly because of an accelerating drop in CD sales, but digital track passed the billion-unit mark for the first time in the first nine months of 2012. Billboard's FutureSound Conference, takes place November ...

  24. Business Matters: Mumford & Sons' 'Babel' Smashes Spotify Streaming Record

    October 02, 2012 8:35 PM EDT The argument that subscription services cannibalize sales hit a bit of a snag last week. Mumford & Sons' sophomore release, "Babel," blew past Spotify's record for streams from an album in a single week. Spotify users in th ...

  25. Social Radio Service Jelli Raises $9 Million

    October 02, 2012 3:27 PM EDT Social radio service Jelli announced Tuesday it has closed a $9 million round of funding led by new investors Intel Capital and Relay Ventures, with participation from existing investor First Round Capital and individual investors including Roger ...

  26. Rdio Embarks on Experiment to Gain Subscribers Through Artists

    October 02, 2012 9:24 AM EDT Music subscription service Rdio has launched a program Tuesday that pays artists directly for the new subscribers they bring to the service. The program is a creative attempt to solve two of subscription service's biggest problems: lack of su ...

  27. Business Matters: Artist Happiness as a Long-Term Investment

    October 01, 2012 9:23 PM EDT As interested parties line up for Universal Music Group's divested EMI assets -- particularly Parlaphone Records -- artists and managers are encouraging bidders not to forget about the artists. Jon Webster, CEO of the Music Managers Forum (MM ...

  28. Read: Universal Music CEO Lucian Grainge's Letter to Staff About EMI Merger

    October 01, 2012 11:20 AM EDT This morning, Universal Music Group CEO Lucian Grainge sent out an internal memo to staff regarding the company's recent acquisition of EMI's recorded music division , which was approved by both the European Commission and the FTC on Sep ...

  29. Lyor Cohen and Warner Music Group: What Are the Next Moves? Insiders Weigh In

    September 28, 2012 4:04 PM EDT Below is the story "Lyor Mulls Next Move" -- an in-depth look at the options facing Lyor Cohen who this week stepped down as CEO of WMG's recorded music and how WMG may fill the vacancy -- from this week's edition of Billboard ...

  30. Universal Completes $1.9 Billion EMI Recorded Music Acquisition

    September 28, 2012 8:47 AM EDT LONDON - Vivendi's Universal Music Group said Friday that it has completed the $1.9 billion acquisition of EMI's recorded music arm. "This is a next step towards ensuring the health of our industry," said UMG chairman and CEO L ...

  31. Morning Fix: Jay-Z on Barclays; Sony/ATV Vs. iPhone 5; Instagram Surpasses Twitter; Neil Young's New Music Service

    September 27, 2012 10:51 PM EDT Head HERE to subscribe to Billboard's free music-business newsletters Jay-Z Talks Barclays Bookings, 'Nepotism,' Made In America II: Jay-Z wants his eight-night residency at Brooklyn's Barclays Center, which kicks off tonight & ...

  32. Spotify U.K. Reports Revenue Growth; Operating Losses Narrow Dramatically To $3.4 Million

    September 27, 2012 3:42 PM EDT Strong growth in subscriptions helped Spotify's U.K. operation generate £95.5 million ($154.9 million) in total revenue in 2011, up from £63.2 million ($102.5 million) the previous year, according to its latest financial statement, as reporte ...

  33. Clear Channel Inks Second Radio Royalties Label Deal, This Time With Glassnote

    September 27, 2012 1:41 PM EDT Clear Channel has signed its second deal with an independent record label, teaming up with Glassnote Entertainment Group to pay out digital and terrestrial revenues to the label and its artists. The partnership comes on the heels of the radio gian ...

  34. Morning Fix: N.Z. Apologizes to Kim Dotcom; Mumford & Sons Juggernaut; Lyor Cohen Mgmt Firm?

    September 27, 2012 7:13 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters LIL WAYNE PASSES AN ALL-TIME ELVIS PRESLEY HOT 100 MARK: Lil Wayne has just topped Elvis Presley's mark for the most Hot 100 appearances among solo acts . As he debuts ...

  35. Is iTunes Launching In Russia?

    September 26, 2012 10:09 AM EDT MOSCOW - A local Russian newspaper has reported that an iTunes store is coming to the European country in late 2012 or early 2013. vThe business daily Vedomosti quoted anonymous sources in the online and publishing businesses who claimed Apple is ...

  36. Morning Fix: Katy Perry Named Woman of the Year; Lyor Cohen Speculation; Maybach Music Tour

    September 26, 2012 7:43 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. KATY PERRY NAMED BILLBOARD WOMAN OF THE YEAR: Billboard has announced that Katy Perry will accept its coveted Woman of the Year Award at the 2012 Billboard Women in Music ...

  37. Lyor Cohen, Post Warner Music: Who Will Replace Him, and What's His Next Move?

    September 24, 2012 9:57 PM EDT Lyor Cohen's imminent departure from Warner Music Group sent a tremor through the music industry on Monday and sparked speculation on the inevitable management shuffle around the industry to replace the colorful hard-nosed executive. Cohen, r ...

  38. Lyor Cohen Stepping Down as Warner Music Chairman/CEO

    September 24, 2012 6:01 PM EDT Lyor Cohen, Chairman/CEO of Recorded Music for Warner Music Group, is stepping down from his post effective September 30, the company announced today. He had been at Warner since 2004, beginning as Chairman and CEO, US Recorded Music in March of t ...

  39. Business Matters: Universal's Deal for EMI No Longer a Sure Thing, But Still Worthwhile

    September 21, 2012 10:00 PM EDT How much will Universal Music Group miss that pound of flesh the European Commission took when it forced considerable concessions from the world's largest record company in exchange from its approval of a merger with EMI Music? That's th ...

  40. New Bills Seek Internet Radio Royalty Parity

    September 21, 2012 8:50 PM EDT U.S. Representatives Jason Chaffetz (R-UT), Jared Polis (D-CO) and Senator Ron Wyden (D-OR) introduced versions of Internet Radio Fairness Act on Friday to address the high royalties paid by some digital radio platforms. Billboard's FutureSou ...

  41. Universal Music-EMI Merger: UMG Struck Gold With PolyGram in the 1990s, Can They Do It Again?

    September 21, 2012 5:45 PM EDT Now that the Universal Music Group has approval to complete its acquisition of EMI's recorded music operation , it will hit the ground running to integrate the two companies, insiders say. The Universal Music Group already presided over a hig ...

  42. Universal-EMI: Lucian Grainge, IMPALA, Martin Mills, Other Reactions to Deal's Approval

    September 21, 2012 3:14 PM EDT As expected, the approval by the European Union and the Federal Trade Commission has inspired a number of dramatically opposing comments and reactions from the parties affected by and involved in the deal. Here's a collection of several we� ...

  43. From This Week's Billboard: EMI Opens Up The Vault

    September 21, 2012 2:04 PM EDT Below is an excerpt from the feature story "EMI Opens Up The Vault" -- a look at EMI's attempts to create an API to encourage app development -- from this week's edition of Billboard Magazine, which also features our cover stor ...

  44. FAQ on Approval of Universal Music - EMI Deal

    September 21, 2012 1:50 PM EDT As Universal Music Group's acquisition of EMI Music's recorded music division today received approval from both European and U.S. regulators , details have emerged about the exact steps Universal must take to win European Commission supp ...

  45. Universal-EMI Merger: A Timeline Of Events

    September 21, 2012 6:32 AM EDT The European Commission's approval of Universal Music's acquisition of EMI's recorded-music division -- albeit with major concessions -- is a milestone in a process that began some 15 months ago, was debated in the U.S. Senate, and ...

  46. Sony/ATV Auction for Virgin, Famous UK Catalogs Begins

    September 21, 2012 6:30 AM EDT The package of assets -- comprised of 30,000 copyrights from the Virgin and Famous Music U.K. publishing catalogs -- that the Sony-led consortium agreed to sell in order to gain regulatory approval to buy EMI Music Publishing is about to hit the a ...

  47. Universal Music-EMI Deal Approved by European Union

    September 21, 2012 6:19 AM EDT European Union regulators today formally approved Universal Music Group's $1.9 billion acquisition of the recorded music unit of EMI Music. As expected, the approval is contingent upon divestments to limit the combined companies' market ...

  48. Morning Fix: EU Approves UMG-EMI, Sony/ATV's Auction, Led Zep Reunites, iHeartRadio Tweets

    September 21, 2012 6:05 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. UNIVERSAL MUSIC-EMI DEAL APPROVED BY EUROPEAN UNION: European Union regulators today formally approved Universal Music Group's $1.9 billion acquisition of EMI Music. ...

  49. BMI Releases Results, Revenue Down 3.5% Due to Radio Rate Settlement

    September 20, 2012 6:02 PM EDT In the year ended June 30, 2012, Broadcast Music, Inc. reported $898.8 million in revenue, a nearly 3.5% decline from the $931 million collected in the prior year. The organization attributed the decline to " settling a rate litigation" ...

  50. Business Matters: No Ceiling in Sight for Subscription Services

    September 20, 2012 5:00 PM EDT Independent music analyst Mark Mulligan, formerly with Forrester Research, raised some eyebrows when he told the Future Music Forum in Barcelona that today's music subscription services have a "natural ceiling" that prevent the sort ...

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